Solana price analysis (Bullish) — 193.77 USDT (+4.47% 24h)

SOL continues to demonstrate impressive momentum, trading at $193.77 with a solid 4.48% gain over the past 24 hours. The current price sits comfortably above both the 20-day SMA ($190.02) and 50-day SMA ($187.76), indicating sustained bullish pressure. With RSI at 62, SOL remains in healthy territory – neither overbought nor oversold – suggesting room for further upside. The substantial $622 million trading volume confirms strong institutional and retail interest. However, traders should note the 4.77% volatility reading, which signals potential for sharp price swings. For position traders, holding with a stop-loss around $185 seems prudent. Swing traders might consider adding on any dips toward the $190 support level. The key resistance to watch remains the psychological $200 barrier, which could trigger profit-taking if breached. Overall, SOL’s technical setup favors continued upward movement in the near term.